Link
"Now, it probably won't surprise you to learn that the big banks and financial institutions hired a army of lobbyists to protect the status quo," Obama said. "In fact, Sallie Mae, America's biggest student lender, spent more than $3 million on lobbying last year alone."
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So this bill somewhat eliminates "waste"......something I thought you righties were all about. But since it can be construed as to make Obama look bad, you're all in a fuss. LMFAO.
"Now, it probably won't surprise you to learn that the big banks and financial institutions hired a army of lobbyists to protect the status quo," Obama said. "In fact, Sallie Mae, America's biggest student lender, spent more than $3 million on lobbying last year alone."
_______
So this bill somewhat eliminates "waste"......something I thought you righties were all about. But since it can be construed as to make Obama look bad, you're all in a fuss. LMFAO.
Apparently it's not OK to have the government involved, but it is OK to let some of these companies hold the American people hostage. And when you tell them they can't, people piss and moan because some people lose their jobs.
You can't make it up.
Apparently it's not OK to have the government involved, but it is OK to let some of these companies hold the American people hostage. And when you tell them they can't, people piss and moan because some people lose their jobs.
You can't make it up.
"Now, it probably won't surprise you to learn that the big banks and financial institutions hired a army of lobbyists to protect the status quo," Obama said. "In fact, Sallie Mae, America's biggest student lender, spent more than $3 million on lobbying last year alone."
_______
So this bill somewhat eliminates "waste"......something I thought you righties were all about. But since it can be construed as to make Obama look bad, you're all in a fuss. LMFAO.
"Now, it probably won't surprise you to learn that the big banks and financial institutions hired a army of lobbyists to protect the status quo," Obama said. "In fact, Sallie Mae, America's biggest student lender, spent more than $3 million on lobbying last year alone."
_______
So this bill somewhat eliminates "waste"......something I thought you righties were all about. But since it can be construed as to make Obama look bad, you're all in a fuss. LMFAO.
Did I mention my investments are up 50% this year?
Don't be mad just because you didn't get in on the gravy.
Did I mention my investments are up 50% this year?
Don't be mad just because you didn't get in on the gravy.
One would think that right wingers would be happy about this overall. It is a way for the government that make money on the interest with a minimum of risk since student loan holders are the least likely to default and they are not dischargeable in bankruptcy.
Oh, but wait, the usual hypocrisy.
One would think that right wingers would be happy about this overall. It is a way for the government that make money on the interest with a minimum of risk since student loan holders are the least likely to default and they are not dischargeable in bankruptcy.
Oh, but wait, the usual hypocrisy.
reconcili8this you dont know everything only some things because now government has control and can make it the best education system in the world and Sally Mae cannt stop it and it can say "Zulu Warrior your kids can go to school for free and dumb republicans your kids cant go at all but you can now have a free abortion to not have such dumb kids" and Zulu Worriors next kid can read when it is a baby and and will be part of the most educated country in the world with Obama in charge and republicans babies can be used to grow the best corn in the world and everyone is happy amen. That is why during the election I drove over 1000 people to the polls for acorn and the government makes this service through acorn to make sure every vote counts! and this is how things will finaly get better for 99% of everyone.
reconcili8this you dont know everything only some things because now government has control and can make it the best education system in the world and Sally Mae cannt stop it and it can say "Zulu Warrior your kids can go to school for free and dumb republicans your kids cant go at all but you can now have a free abortion to not have such dumb kids" and Zulu Worriors next kid can read when it is a baby and and will be part of the most educated country in the world with Obama in charge and republicans babies can be used to grow the best corn in the world and everyone is happy amen. That is why during the election I drove over 1000 people to the polls for acorn and the government makes this service through acorn to make sure every vote counts! and this is how things will finaly get better for 99% of everyone.
One would think that right wingers would be happy about this overall. It is a way for the government that make money on the interest with a minimum of risk since student loan holders are the least likely to default and they are not dischargeable in bankruptcy.
Oh, but wait, the usual hypocrisy.
In addition to reforming the distribution process, the health care legislation also included provisions to make repaying loans easier.
For individuals who take out new loans after July 1, 2014, only 10 percent of their income will have to be devoted to loan repayment, down from the current 15 percent. Loan forgiveness also will set in for those who keep up their payments for 20 years, a reduction from the current 25-year requirement.
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current rates are as low as they've ever been...lend money at 2%, only get a very small portion of it back (unless you think we'll have massive hiring binges in the next few years) and then forgive the loan after a certain amount of time. money supply has almost doubled in the last 2 years so the $10000 in buying power you lent today is worth maybe $7000 in 10 years if we're lucky
government doesnt run anything for a profit. its not their goal...they have the taxpayer to bank them up. let me know in 20 years when half the nations college kids have their loans forgiven yet you and your family are saddled with paying those loans back to the government if you're happy about that
this is an epic fail and will never bring the needed deflation in tuition prices. housing fell b/c credit stopped. college credit will never stop so prices will always go up...until we go bankrupt
One would think that right wingers would be happy about this overall. It is a way for the government that make money on the interest with a minimum of risk since student loan holders are the least likely to default and they are not dischargeable in bankruptcy.
Oh, but wait, the usual hypocrisy.
In addition to reforming the distribution process, the health care legislation also included provisions to make repaying loans easier.
For individuals who take out new loans after July 1, 2014, only 10 percent of their income will have to be devoted to loan repayment, down from the current 15 percent. Loan forgiveness also will set in for those who keep up their payments for 20 years, a reduction from the current 25-year requirement.
---------
current rates are as low as they've ever been...lend money at 2%, only get a very small portion of it back (unless you think we'll have massive hiring binges in the next few years) and then forgive the loan after a certain amount of time. money supply has almost doubled in the last 2 years so the $10000 in buying power you lent today is worth maybe $7000 in 10 years if we're lucky
government doesnt run anything for a profit. its not their goal...they have the taxpayer to bank them up. let me know in 20 years when half the nations college kids have their loans forgiven yet you and your family are saddled with paying those loans back to the government if you're happy about that
this is an epic fail and will never bring the needed deflation in tuition prices. housing fell b/c credit stopped. college credit will never stop so prices will always go up...until we go bankrupt
Same old BS was spewed when Medicaid was passed way back when. People thought the sky was falling.
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Hutch, everyone's investments are up big time this year. That being said the bottom is going to fall out. It is only a matter of time, I just hope that you are a smart man and have been pulling a lot of the profit as it comes in
I absolutely have been selling. KOJA has been saying for months that the market never lies....and that this would never last. Well, so far, it's lasted. That was when the market was at 8500....9000....9500....10000.
Will it last forever? Certainly not. But all these "experts" have been talking for months and months how this is bullshit. Yet I keep selling stocks at a 50% gain....some that even doubled.
My business partner is a huge rightie. Took all his money out of the market at the beginning of last year. I think just to prove a point....and was almost hoping the bottom would fall out and Obama would be made to look like a fool. Well, he's the one looking like a fool now. Took all his money out when the market was at 8,000. LMAO.
Same old BS was spewed when Medicaid was passed way back when. People thought the sky was falling.
_____________
Hutch, everyone's investments are up big time this year. That being said the bottom is going to fall out. It is only a matter of time, I just hope that you are a smart man and have been pulling a lot of the profit as it comes in
I absolutely have been selling. KOJA has been saying for months that the market never lies....and that this would never last. Well, so far, it's lasted. That was when the market was at 8500....9000....9500....10000.
Will it last forever? Certainly not. But all these "experts" have been talking for months and months how this is bullshit. Yet I keep selling stocks at a 50% gain....some that even doubled.
My business partner is a huge rightie. Took all his money out of the market at the beginning of last year. I think just to prove a point....and was almost hoping the bottom would fall out and Obama would be made to look like a fool. Well, he's the one looking like a fool now. Took all his money out when the market was at 8,000. LMAO.
Same old BS was spewed when Medicaid was passed way back when. People thought the sky was falling.
_____________
Hutch, everyone's investments are up big time this year. That being said the bottom is going to fall out. It is only a matter of time, I just hope that you are a smart man and have been pulling a lot of the profit as it comes in
I absolutely have been selling. KOJA has been saying for months that the market never lies....and that this would never last. Well, so far, it's lasted. That was when the market was at 8500....9000....9500....10000.
Will it last forever? Certainly not. But all these "experts" have been talking for months and months how this is bullshit. Yet I keep selling stocks at a 50% gain....some that even doubled.
My business partner is a huge rightie. Took all his money out of the market at the beginning of last year. I think just to prove a point....and was almost hoping the bottom would fall out and Obama would be made to look like a fool. Well, he's the one looking like a fool now. Took all his money out when the market was at 8,000. LMAO.
Same old BS was spewed when Medicaid was passed way back when. People thought the sky was falling.
_____________
Hutch, everyone's investments are up big time this year. That being said the bottom is going to fall out. It is only a matter of time, I just hope that you are a smart man and have been pulling a lot of the profit as it comes in
I absolutely have been selling. KOJA has been saying for months that the market never lies....and that this would never last. Well, so far, it's lasted. That was when the market was at 8500....9000....9500....10000.
Will it last forever? Certainly not. But all these "experts" have been talking for months and months how this is bullshit. Yet I keep selling stocks at a 50% gain....some that even doubled.
My business partner is a huge rightie. Took all his money out of the market at the beginning of last year. I think just to prove a point....and was almost hoping the bottom would fall out and Obama would be made to look like a fool. Well, he's the one looking like a fool now. Took all his money out when the market was at 8,000. LMAO.
For individuals who take out new loans after July 1, 2014, only 10 percent of their income will have to be devoted to loan repayment, down from the current 15 percent. Loan forgiveness also will set in for those who keep up their payments for 20 years, a reduction from the current 25-year requirement.
---------
current rates are as low as they've ever been...lend money at 2%, only get a very small portion of it back (unless you think we'll have massive hiring binges in the next few years) and then forgive the loan after a certain amount of time. money supply has almost doubled in the last 2 years so the $10000 in buying power you lent today is worth maybe $7000 in 10 years if we're lucky
government doesnt run anything for a profit. its not their goal...they have the taxpayer to bank them up. let me know in 20 years when half the nations college kids have their loans forgiven yet you and your family are saddled with paying those loans back to the government if you're happy about that
this is an epic fail and will never bring the needed deflation in tuition prices. housing fell b/c credit stopped. college credit will never stop so prices will always go up...until we go bankrupt
The bottom line is you believe that no one should have student loans. Fine, but you are using that belief to argue against a program that offers only an advantage to the government.
But first, let's address your usual factual discrepencies.
https://www.finaid.org/loans/forgiveness.phtml
1) Only about 3% of people receive full loan forgiveness, and that doesn't change anything that exists now, because the government repays the banks/schools for those loans.
2) Those that do receive loan forgiveness often do so by joining Americorps, working in government sector jobs for low pay, etc, and the loan forgiveness is an incentive. It is also a low cost incentive for the government because it only amount to a percentage of money that after repayment, covers a portion of interest. The average student loan amount is 25k. That amounts to quite a bit of interest for the loanholder.
3) Student loans are paid back by wage garnishment, tax withholdings, etc. They are probably the mosty secure loan there is (not to mention, people can lose their professional licenses for not paying back).
4) Given all that, why shouldn't the government, instead of banks, reap the dividends?
Sorry to bring facts to your conjecture.
For individuals who take out new loans after July 1, 2014, only 10 percent of their income will have to be devoted to loan repayment, down from the current 15 percent. Loan forgiveness also will set in for those who keep up their payments for 20 years, a reduction from the current 25-year requirement.
---------
current rates are as low as they've ever been...lend money at 2%, only get a very small portion of it back (unless you think we'll have massive hiring binges in the next few years) and then forgive the loan after a certain amount of time. money supply has almost doubled in the last 2 years so the $10000 in buying power you lent today is worth maybe $7000 in 10 years if we're lucky
government doesnt run anything for a profit. its not their goal...they have the taxpayer to bank them up. let me know in 20 years when half the nations college kids have their loans forgiven yet you and your family are saddled with paying those loans back to the government if you're happy about that
this is an epic fail and will never bring the needed deflation in tuition prices. housing fell b/c credit stopped. college credit will never stop so prices will always go up...until we go bankrupt
The bottom line is you believe that no one should have student loans. Fine, but you are using that belief to argue against a program that offers only an advantage to the government.
But first, let's address your usual factual discrepencies.
https://www.finaid.org/loans/forgiveness.phtml
1) Only about 3% of people receive full loan forgiveness, and that doesn't change anything that exists now, because the government repays the banks/schools for those loans.
2) Those that do receive loan forgiveness often do so by joining Americorps, working in government sector jobs for low pay, etc, and the loan forgiveness is an incentive. It is also a low cost incentive for the government because it only amount to a percentage of money that after repayment, covers a portion of interest. The average student loan amount is 25k. That amounts to quite a bit of interest for the loanholder.
3) Student loans are paid back by wage garnishment, tax withholdings, etc. They are probably the mosty secure loan there is (not to mention, people can lose their professional licenses for not paying back).
4) Given all that, why shouldn't the government, instead of banks, reap the dividends?
Sorry to bring facts to your conjecture.
Same old BS was spewed when Medicaid was passed way back when. People thought the sky was falling.
_____________
Hutch, everyone's investments are up big time this year. That being said the bottom is going to fall out. It is only a matter of time, I just hope that you are a smart man and have been pulling a lot of the profit as it comes in
I absolutely have been selling. KOJA has been saying for months that the market never lies....and that this would never last. Well, so far, it's lasted. That was when the market was at 8500....9000....9500....10000.
Will it last forever? Certainly not. But all these "experts" have been talking for months and months how this is bullshit. Yet I keep selling stocks at a 50% gain....some that even doubled.
My business partner is a huge rightie. Took all his money out of the market at the beginning of last year. I think just to prove a point....and was almost hoping the bottom would fall out and Obama would be made to look like a fool. Well, he's the one looking like a fool now. Took all his money out when the market was at 8,000. LMAO.
Same old BS was spewed when Medicaid was passed way back when. People thought the sky was falling.
_____________
Hutch, everyone's investments are up big time this year. That being said the bottom is going to fall out. It is only a matter of time, I just hope that you are a smart man and have been pulling a lot of the profit as it comes in
I absolutely have been selling. KOJA has been saying for months that the market never lies....and that this would never last. Well, so far, it's lasted. That was when the market was at 8500....9000....9500....10000.
Will it last forever? Certainly not. But all these "experts" have been talking for months and months how this is bullshit. Yet I keep selling stocks at a 50% gain....some that even doubled.
My business partner is a huge rightie. Took all his money out of the market at the beginning of last year. I think just to prove a point....and was almost hoping the bottom would fall out and Obama would be made to look like a fool. Well, he's the one looking like a fool now. Took all his money out when the market was at 8,000. LMAO.
Did I mention that we brought on 15 new contractors last month. Our bests month in 2 years. Will it continue? Who knows. But I deal with what I see, not what "should be."
Trust me, I have my finger on the trigger. If the market tanks, I'll be selling in a second....and I'll just get back in when it bottoms out. Market always recovers....EVENTUALLY.
Did I mention that we brought on 15 new contractors last month. Our bests month in 2 years. Will it continue? Who knows. But I deal with what I see, not what "should be."
Trust me, I have my finger on the trigger. If the market tanks, I'll be selling in a second....and I'll just get back in when it bottoms out. Market always recovers....EVENTUALLY.
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